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Tekijä: | Polemarchakis, H. M. Siconolfi, P. |
Otsikko: | Prices, asset markets and indeterminacy |
Lehti: | Journal of Economic Theory
1998 : SEP, VOL. 82:1, p. 46-64 |
Asiasana: | ECONOMIC THEORY PRICES MARKETS ASSETS |
Kieli: | eng |
Tiivistelmä: | Competitive equilibrium allocations are indeterminate when the net trades in commodities are constrained, while the asset market incomplete. The model encompasses economies with deferred payment for commodities, economies with nominal assets, and economies with bundling of commodities and assets. |
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